jon_berzerk
Platinum Member
- Mar 5, 2013
- 31,401
- 7,369
- 1,130
ARE YOU NUTS????
Do you understand! 80% leaves 20% BEFORE profit!
Then you have operating costs oh...like say salaries, benefits, buildings, computers, paper, Internet access.. simple things called COST OF DOING BUSINESS@!@@
That leaves as the experts tell us less then 4% net profits! AND THIS IS BEFORE FEDERAL/STATE/LOCAL taxes dumb f...k!!!
Why is it so hard to understand! Insurance companies simply pay the claims!
The margin for health insurance companies hovers at about 3% generally.
It is a rank of about 88 among 215 industries as far as profit margins go.
I just can't believe people like you having so little knowledge which is a total indictment of your education system!
Profit Margin for Health Insurance Companies |
you are getting too emotional here.
First of all insurance companies are the biggest winners of this crap - the law forces people to pay insurance companies for NOTHING as the monthly premium does not cover ANYTHING valuable for a standard person and all the coverage by insurance company which they are getting monthly premiums for are starting after the person spends 6.000-25.000 per year( depends on the plan).
you are telling me that is spending 80% on the medical care of the patient?
No, the monthly premium covers insurance for health-care claims for the policy period.
Second, insurers will be the biggest losers, as their calculations were based on a certain mix in their actuarial pools, a mix that isn't happening.
Do you actually understand how insurance works?
insurers will be the biggest losers
if the law was incorporated as signed into law
however that is not the case
obamacare is being run by random executive orders
with promises of subsidizing failing carriers and such